Nifty 50 technical analysis for 18th March 2024
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It's weekly multi time frame analysis.
In monthly tf..
Doji candlestick formed 😲**
Rsi 73***
coming resistance 23188 & support 21756
Weekly tf
Berarish candlestick & berarish diversion
exactly closed on support 22040
Coming resistance - 22160 : 22299
& support - 21820 - 21586
Price is above all moving average in monthly tf & exactly closed on 9 ma in weekly tf also LL & LH
Daily tf
Hammer candlestick, momentum down, price took support of 50 ma & closed above
Coming resistance - 22129 : 22243 : 22298 : 22349 : 22378 : 22416 & ath
Support - 21966 : 21880 : 21757 : 21644 : 21540 : 21457 (pivot)
Hourly tf
Bullish diversion
Inverted hammer
For intraday levels
Resistance - 22048 : 22091 : 22130 : 22177 : 22210 : 22251
Support - 21980 : 21940 : 21906 : 21860 : 21816 : 21772 : 21706 : 21570
All information & levels provided are for educational purposes only. No buy / sell recommendation🙏
DYOA and make decisions.
Thank you🙏
Hit 👊the like button and spread the knowledge📚 😉
It's weekly multi time frame analysis.
In monthly tf..
Doji candlestick formed 😲**
Rsi 73***
coming resistance 23188 & support 21756
Weekly tf
Berarish candlestick & berarish diversion
exactly closed on support 22040
Coming resistance - 22160 : 22299
& support - 21820 - 21586
Price is above all moving average in monthly tf & exactly closed on 9 ma in weekly tf also LL & LH
Daily tf
Hammer candlestick, momentum down, price took support of 50 ma & closed above
Coming resistance - 22129 : 22243 : 22298 : 22349 : 22378 : 22416 & ath
Support - 21966 : 21880 : 21757 : 21644 : 21540 : 21457 (pivot)
Hourly tf
Bullish diversion
Inverted hammer
For intraday levels
Resistance - 22048 : 22091 : 22130 : 22177 : 22210 : 22251
Support - 21980 : 21940 : 21906 : 21860 : 21816 : 21772 : 21706 : 21570
All information & levels provided are for educational purposes only. No buy / sell recommendation🙏
DYOA and make decisions.
Thank you🙏
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